Atlas Cycles

What does Atlas Cycles do?

Atlas Cycles (Haryana) Ltd manufactures bicycles and components, operating as a micro-cap company since its incorporation in 1951. As of March 2025, it reported net sales of 4 Cr and a net profit of 1 Cr, with a market cap of Rs 88 Cr.

Overview:<BR>Atlas Cycles (Haryana) Ltd is engaged in the manufacturing of bicycles and bicycle components, operating within the diversified consumer products industry and classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated in 1951 and initially operated under the name 'Atlas Cycle Industries Limited'. It was renamed to 'Atlas Cycles (Haryana) Limited' on April 16, 2002. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 4 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market cap: Rs 88 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 10.00<BR>- Industry P/E: 32<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: 0.02<BR>- Return on Equity: 2.45%<BR>- Price to Book: 0.24<BR><BR>Contact Details:<BR>Address: Atlas Road, Industrial Area Sonepat Haryana : 131001<BR>Tel: 91-130-2200001-15<BR>Email: companysecretary@atlascycles.co.in<BR>Website: http://www.atlasbicycles.com

When is the next results date for Atlas Cycles?

No Upcoming Board Meetings

Has Atlas Cycles declared dividend?

Atlas Cycles (Haryana) Ltd has declared a 45% dividend, amounting to ₹2.25 per share, with an ex-date of September 19, 2013. However, the dividend yield is 0%, and there have been no recent dividend payments relative to the share price, despite significant price appreciation over the years.

Atlas Cycles (Haryana) Ltd has declared a 45% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 45%<BR>- Amount per share: 2.2500<BR>- Ex-date: Sep-19-2013<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 Months period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 1 Year period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 2 Years period, the price return was 0%, the dividend return was 0%, and the total return was 0.0%.<BR><BR>In the 3 Years period, the price return was 367.24%, the dividend return was 0%, and the total return was 367.24%.<BR><BR>In the 4 Years period, the price return was 367.24%, the dividend return was 0%, and the total return was 367.24%.<BR><BR>In the 5 Years period, the price return was 212.57%, the dividend return was 0%, and the total return was 212.57%.<BR><BR>Overall, while Atlas Cycles has declared a dividend, the dividend yield is 0%, indicating that there have been no recent dividend payments relative to the share price. The total returns over various periods show significant price appreciation, particularly over the longer term, despite the absence of dividend returns in those periods.

Who are the peers of the Atlas Cycles?

Atlas Cycles' peers include Kajaria Ceramics, Safari Industries, Cera Sanitary, V I P Industries, Borosil, Royal Cushion, Super Tannery, Oriental Trimex, and Elegant Marbles. Most peers exhibit varying levels of management risk and growth, with Borosil showing the highest 1-year return at 16.21%, while Atlas Cycles lacks a recorded return.

Peers: The peers of Atlas Cycles are Kajaria Ceramics, Safari Inds., Cera Sanitary., V I P Inds., Borosil, Royal Cush. Vin., Super Tannery, Oriental Trimex, and Elegant Marbles.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kajaria Ceramics, Safari Inds., Cera Sanitary., and the rest. Average management risk is found at V I P Inds., Super Tannery, Elegant Marbles, and the rest. Below Average management risk is noted for Borosil, Royal Cush. Vin., Oriental Trimex, and Atlas Cycles. Growth is classified as Excellent for Borosil and Good for Safari Inds. and Elegant Marbles, while Below Average growth is seen in Kajaria Ceramics, Cera Sanitary., V I P Inds., Super Tannery, and Atlas Cycles, with the rest having Below Average growth as well. Capital Structure is Excellent for Kajaria Ceramics, Safari Inds., Cera Sanitary., and Borosil, while Below Average is noted for V I P Inds., Super Tannery, Oriental Trimex, and Atlas Cycles.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Borosil at 16.21%, while the lowest is Royal Cush. Vin. at -30.62%. Atlas Cycles does not have a recorded 1-year return for comparison. Additionally, several peers, including V I P Inds., Super Tannery, and Royal Cush. Vin., have negative six-month returns.

Is Atlas Cycles overvalued or undervalued?

As of December 30, 2024, Atlas Cycles is considered a risky investment and overvalued at a price of 136.85, with a PE Ratio of 9.27, a Price to Book Value of 0.23, and an EV to EBIT of -47.44, indicating significant financial distress compared to its peers.

As of 30 December 2024, the valuation grade for Atlas Cycles moved from does not qualify to risky. The company is currently assessed as overvalued. Key ratios include a PE Ratio of 9.27, a Price to Book Value of 0.23, and an EV to EBIT of -47.44, which indicate significant financial distress compared to its peers.<BR><BR>In comparison to its industry, Atlas Cycles' PE Ratio of 9.27 is notably lower than Altius Telecom's 52.97 and Inventurus Knowledge's 56.63, both of which are categorized as very expensive. Additionally, the company's ROE stands at 2.45%, which is underwhelming when juxtaposed with the higher returns of its peers. Despite a strong performance in recent months, with a year-to-date return of 87.72% compared to the Sensex's 5.63%, the underlying financial metrics suggest that Atlas Cycles is not a sound investment at its current price of 136.85.

What is the technical trend for Atlas Cycles?

As of June 2, 2025, Atlas Cycles shows a mildly bullish trend, supported by bullish MACD and moving averages, despite some bearish signals from the monthly RSI and KST.

As of 2 June 2025, the technical trend for Atlas Cycles has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is also bullish, indicating a positive momentum. However, the monthly RSI is bearish, suggesting some weakness in the longer time frame. The Bollinger Bands are mildly bullish on both weekly and monthly charts, supporting a cautious upward trend. Daily moving averages are bullish, reinforcing the short-term positive outlook. The KST shows a mildly bearish stance on the weekly chart but bullish on the monthly, indicating mixed signals. Dow Theory reflects a mildly bullish trend on the weekly but shows no trend on the monthly, adding to the uncertainty. Overall, the current stance is mildly bullish, driven primarily by the bullish MACD and moving averages, despite some bearish signals from the RSI and KST.

Who are in the management team of Atlas Cycles?

As of March 2019, the management team of Atlas Cycles includes I D Chugh (Whole-time Director), Kartik Roop Rai and Sanjiv Kavaljit Singh (Independent Directors), Sadhna Syal and Vansh Vardhan Joshi (Additional Directors), and Nikhil Bindal and Rakesh (Company Secretaries).

As of March 2019, the management team of Atlas Cycles includes the following individuals:<BR><BR>1. I D Chugh - Whole-time Director<BR>2. Kartik Roop Rai - Independent Director<BR>3. Sanjiv Kavaljit Singh - Independent Director<BR>4. Sadhna Syal - Additional Director<BR>5. Nikhil Bindal - Company Secretary<BR>6. Rakesh - Company Secretary<BR>7. Vansh Vardhan Joshi - Additional Director<BR><BR>These individuals play various roles in the governance and management of the company.

Who are the top shareholders of the Atlas Cycles?

The top shareholders of Atlas Cycles include Milton Cycle Industries Ltd. with a 10.02% stake and individual investors holding 50.01%. The highest public shareholder is Ramesh Chand at 1.19%, with no mutual funds or foreign institutional investors involved and no pledged promoter holdings.

The top shareholders of Atlas Cycles include Milton Cycle Industries Ltd., which holds the highest promoter stake at 10.02%. Additionally, individual investors collectively hold a significant portion at 50.01%. The highest public shareholder is Ramesh Chand, with a holding of 1.19%. There are no mutual funds or foreign institutional investors currently holding shares in the company, and there are no pledged promoter holdings.

How big is Atlas Cycles?

As of 24th July, Atlas Cycles (Haryana) Ltd has a market capitalization of 84.00 Cr, with recent net sales of 155.87 Cr and a net profit of 3.11 Cr. As of March 2023, the company reported a loss of 32.56 Cr in shareholder's funds and total assets valued at 88.14 Cr.

As of 24th July, Atlas Cycles (Haryana) Ltd has a market capitalization of 84.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 155.87 Cr and a Net Profit of 3.11 Cr.<BR><BR>As of March 2023, the company's Shareholder's Funds stood at a loss of 32.56 Cr, while Total Assets were valued at 88.14 Cr.

How has been the historical performance of Atlas Cycles?

Atlas Cycles has faced significant financial challenges from March 2015 to March 2019, with declining net sales, increasing losses, and diminishing asset values, culminating in a loss of 45.20 crore in operating profit by March 2019. The company's total assets decreased from 272.41 crore in March 2019 to 88.14 crore in March 2023, reflecting ongoing financial difficulties.

Answer:<BR>The historical performance of Atlas Cycles has shown significant challenges over the years, particularly from March 2015 to March 2019.<BR><BR>Breakdown:<BR>Atlas Cycles experienced a decline in net sales from 586.32 crore in March 2015 to 538.36 crore in March 2019. Other operating income also decreased, contributing to a total operating income drop from 594.59 crore in March 2015 to 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, fluctuated but ultimately decreased from 613.38 crore in March 2015 to 584.12 crore in March 2019. This led to operating profit (PBDIT) showing a loss of 45.20 crore in March 2019, compared to a profit of 7.36 crore in March 2016. The profit before tax also worsened, moving from a loss of 27.98 crore in March 2015 to a loss of 56.44 crore in March 2019. Consequently, the profit after tax reflected a similar trend, with losses increasing from 18.95 crore in March 2015 to 45.84 crore in March 2019. The company's total assets decreased from 272.41 crore in March 2019 to 88.14 crore in March 2023, while total liabilities also saw a decline from 272.41 crore in March 2019 to 88.14 crore in March 2023. Cash flow from operating activities remained negative, indicating ongoing financial difficulties, with a cash flow of -11.00 crore in March 2020. Overall, Atlas Cycles has faced a downward trajectory in financial performance, marked by declining sales, increasing losses, and diminishing asset values.

How has been the historical performance of Atlas Cycles?

Atlas Cycles has shown a declining trend in net sales and profitability from 2015 to 2019, with net sales dropping from INR 586.32 crore to INR 538.36 crore and increasing losses in operating profit and net profit. Total assets and liabilities decreased significantly by March 2023, while cash flow from operating activities remained negative, indicating ongoing financial challenges.

Answer:<BR>The historical performance of Atlas Cycles shows a declining trend in net sales and profitability over the years, particularly from 2015 to 2019.<BR><BR>Breakdown:<BR>Atlas Cycles experienced a decrease in net sales from INR 586.32 crore in March 2015 to INR 538.36 crore in March 2019. Other operating income also fell significantly, dropping from INR 8.27 crore in March 2015 to zero in March 2019. Consequently, total operating income declined from INR 594.59 crore in March 2015 to INR 538.36 crore in March 2019. The company's total expenditure, excluding depreciation, was INR 613.38 crore in March 2015, which decreased to INR 584.12 crore by March 2019. Operating profit (PBDIT) showed a negative trend, moving from a loss of INR 10.28 crore in March 2015 to a loss of INR 45.20 crore in March 2019. The profit before tax also worsened, with losses increasing from INR 27.98 crore in March 2015 to INR 56.44 crore in March 2019. Profit after tax reflected similar losses, growing from INR 18.95 crore in March 2015 to INR 45.84 crore in March 2019. The company's total assets decreased from INR 272.41 crore in March 2019 to INR 88.14 crore in March 2023, while total liabilities also fell from INR 272.41 crore to INR 88.14 crore during the same period. The cash flow from operating activities remained negative, indicating ongoing financial challenges for the company.

Are Atlas Cycles latest results good or bad?

Atlas Cycles' latest results are concerning, showing a 71.20% decline in revenue and a negative operating margin of -18.69%, indicating significant financial distress. With a negative book value per share and low return on equity, the company's future outlook appears bleak without major restructuring or capital support.

Atlas Cycles' latest results are concerning and indicate a troubling financial situation. The company has experienced a significant decline in revenue, with a staggering 71.20% year-on-year drop in sales, collapsing from ₹649 crores in FY18 to just ₹155 crores in FY20. This decline is compounded by a negative operating margin of -18.69% in the most recent quarter, meaning the company is losing money on its sales.<BR><BR>Moreover, Atlas Cycles has a negative book value per share of ₹-50.07, which signifies that its liabilities exceed its assets, raising serious questions about its long-term viability. The return on equity (ROE) is extremely low at 2.35%, reflecting poor capital efficiency, and the company has been unable to generate positive operating cash flow.<BR><BR>Overall, the financial trajectory of Atlas Cycles suggests a business in terminal decline, with persistent operational losses and a deteriorating balance sheet. The outlook appears bleak, and without significant restructuring or capital injection, the company's future remains uncertain.

Should I buy, sell or hold Atlas Cycles (Haryana) Ltd?

Why is Atlas Cycles (Haryana) Ltd falling/rising?

As of 23-Mar, Atlas Cycles (Haryana) Ltd is facing a significant decline in stock price, currently at Rs. 80.00, with a total drop of -4.95% over the last four days and a new 52-week low of Rs. 76. The company's poor financial health, including operating losses and declining sales, along with decreasing investor participation, contribute to its bearish trend.

As of 23-Mar, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at Rs. 80.00, which reflects a change of -0.82 (-1.01%). The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of -4.95% during this period. Additionally, the stock has reached a new 52-week low of Rs. 76 today.<BR><BR>The stock's performance over various time frames indicates a significant underperformance compared to the broader market. Over the past week, Atlas Cycles has decreased by -1.32%, while the Sensex has fallen by -3.72%. In the last month, the stock has dropped by -15.22%, compared to a -12.72% decline in the Sensex. Year-to-date, the stock is down -22.89%, significantly worse than the Sensex's -14.70% drop. Furthermore, over the past year, the stock has generated a return of -11.50%, while the Sensex has only declined by -5.47%.<BR><BR>The company's financial health is also concerning, as it is facing operating losses and has a weak long-term fundamental strength. The company's ability to service its debt is poor, indicated by a negative EBIT to Interest ratio of -13.63. Additionally, the company has reported a net sales decline of -34.26% and a negative profit after tax of Rs. -5.47 crore for the nine-month period, further contributing to investor pessimism.<BR><BR>Investor participation appears to be declining, with delivery volume dropping by -26.15% against the five-day average. The stock is also trading below its moving averages across multiple time frames, indicating a bearish trend. Overall, these factors collectively explain the falling stock price of Atlas Cycles (Haryana) Ltd.

Why is Atlas Cycles (Haryana) Ltd falling/rising?

As of 24-Mar, Atlas Cycles (Haryana) Ltd's stock price has risen to Rs. 82.00, up 3.22%, following a four-day decline. However, it remains below all moving averages and has underperformed its sector, with a year-to-date decline of 20.96%.

As of 24-Mar, Atlas Cycles (Haryana) Ltd is experiencing a rise in its stock price, currently at Rs. 82.00, which reflects an increase of Rs. 2.56 or 3.22%. This uptick comes after a period of decline, as the stock had fallen for four consecutive days prior to this increase. Despite this positive movement today, the stock has faced significant challenges, including hitting a new 52-week low of Rs. 74.3 earlier in the day and opening with a loss of 6.47%. <BR><BR>In terms of performance, the stock has underperformed its sector by 1.57% today and is trading below all its moving averages, indicating a generally bearish trend. Additionally, the stock's year-to-date performance shows a decline of 20.96%, which is significantly worse than the benchmark Sensex's decline of 13.09%. <BR><BR>The trading activity also suggests a lack of strong investor participation, as evidenced by a 13.1% drop in delivery volume compared to the five-day average. Overall, while there is a short-term rise in the stock price today, the broader context indicates ongoing struggles for Atlas Cycles (Haryana) Ltd.

Why is Atlas Cycles (Haryana) Ltd falling/rising?

As of 25-Mar, Atlas Cycles (Haryana) Ltd's stock price has risen to Rs 84.45, reflecting a 2.99% increase, but the company has underperformed over the past year with a -15.21% return and faces significant financial challenges, including operating losses and declining sales. Despite short-term gains, the long-term outlook remains risky due to weak fundamentals.

As of 25-Mar, Atlas Cycles (Haryana) Ltd is experiencing a rise in its stock price, currently at Rs 84.45, reflecting an increase of Rs 2.45 or 2.99%. This upward movement is notable as the stock has outperformed its sector by 1.45% today and has shown consecutive gains over the last two days, accumulating a total return of 6.31% during this period. Additionally, the stock reached an intraday high of Rs 85, marking a rise of 3.66%.<BR><BR>Despite these positive short-term trends, it is important to consider the broader context of the company's performance. Over the past year, Atlas Cycles has underperformed significantly, with a return of -15.21%, compared to a market decline of only -3.52%. The company is facing challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -13.63. Furthermore, the company's net sales and profit after tax have both decreased by 34.26% over the last nine months.<BR><BR>While the stock is currently rising, the long-term outlook remains concerning due to its weak fundamental strength and negative EBITDA, which suggests that the stock is trading at a risky valuation compared to its historical performance. Thus, while the recent price increase may attract attention, the underlying financial difficulties could pose significant risks moving forward.

Which are the latest news on Atlas Cycles?